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BERLIN Chris McCullough Wizards Jersey , Sept. 4 (Xinhua) -- As the 55th IFA consumer electronics fair, Europe's largest consumer electronics and home appliances fair, kicked off on Friday in Berlin, China Brand Show also held its first opening ceremony at IFA.


"The Opening Ceremony of China Brand Show" hosted by China Chamber of Commerce for Machinery and Electronic Products Import and Export (CCCME) includes Haier, Hisense, TCL, Changhong, Midea Austin Rivers Wizards Jersey , Gree, Galanz and other 16 leading Chinese home appliance brands to showcase trends and achievements in China's home appliance industry in Berlin.


Jin Hong, with Trade Development Bureau under Chinese Ministry of Commerce, in her opening speech said Chinese Ministry of Commerce held for the first time "China brand show" with IFA in a bid to promote Chinese home appliances and consumer electronics products.


The development of the Chinese household appliance industry in the past 40 years "wasn't all plain sailing," said Zhipu Yu, senior trade commissioner of CCCME.


Currently China has the world's largest capacity in refrigerators, television sets, microwave ovens Wes Unseld Jersey , air conditioners, mobile phones and some small household electrical appliances, while China has become the largest market for household appliances, he added.


According to Jens Heithecker, executive director of IFA, more than 150 exhibitors from China would present their latest products at this year's IFA.


"It's not only about the number of exhibitors, the number of the companies. It's about the quality of products, quality of brand communication that these chinese companies are doing Troy Brown Jr. Jersey ," he said.


According to staff at China Brand Show, products of the highest level of today's Chinese electronic home appliances research and development, design, engineering and manufacture can be seen at this IFA fair.


While China's leading home appliance maker Haier presented its Dual-Drum washing machines and T-Door Series of refrigerators, which can be controlled by smart phone or portable device through App, Chinese leading TV manufacturer Hisense showcased its laser TV and ULED surface TV.


From Sept. 4-9, IFA will have a total of 1,645 exhibitors from all over the world to showcase their new products and services in the electronics industry.


BRUSSELS Tim Frazier Jersey , Aug. 27 (Xinhua) -- World markets experienced a "Black Monday" rout as anxiety over world economic prospects have been accumulating recently.


Meanwhile, world currency and commodity markets have also been affected by the fluctuation.


Among the worst-hit, Chinese stock markets plummeted dramatically for five straight days, crashing to its lowest level since December 2014.


Though the turbulence in financial markets was triggered by volatile Chinese markets, said Daniel Gros, director of the Centre for European Policy Studies (CEPS) in Brussels, this does not mean that the economic problems in China are responsible for the weak state of the global economy.


Analysts said the fundamental reasons for the recent global market turmoil are the anxiety aroused by U.S. interest rate hike predictions and fragile world economic recovery.


"With nervous (and illiquid) financial markets, sometimes 'small' news can lead to large moves. The rebound in some markets Ramon Sessions Jersey , such as the U.S. and East Asia, shows that there was a problem of liquidity, otherwise you could not explain very large moves with so little news," Gros said.


In fact, global economic recovery is still weak and uneven. Though the United States and Europe are already on the road to recovery, the growth momentum has been far from strong.


By contrast, China's economy is slowing down, as it shifts from export-led growth to consumption. But it's still growing at seven percent Otto Porter Jersey , nearly three times as fast as the West's star performers, Britain and the United States.


"The slowdown of Chinese economy growth rate was a natural consequence of an over-investment cycle, which is now nearing its end," Gros said.


After the financial crisis, developed countries sought to use quantitative easing policy as a major measure to bolster their growth, which consequently resulted in a relapse of the world economy.


"The huge investment stimulus after 2009 propped up growth in China, but this was bound to be temporary," he said Michael Jordan Jersey , "some slowdown, especially of investment, is thus welcome today."


The economist advised that the outflow of investment needs to be compensated by higher consumption and an expansion of services in China.


Moreover, the emerging economies have been hit hard as the global rout continues. The currencies of Russia, Indonesia, South Africa, Brazil and other commodity exporters tumbled to multiyear lows against the U.S. dollar. Stock indexes collapsed and investors pulled money from developing markets.


"One must distinguish between emerging market economies (EMEs) in general and China," the economist said Markieff Morris Jersey , "The commodity exporting EMEs are in deep trouble because of the fall in export prices."


He added, "some of them (Russia, Brazil) have failed to make reforms to foster manufacturing exports. Few EMEs have the classic problem today of a large foreign debt but they start running current account deficits, which they cannot do for long."


Though the fast-growing trend in emerging economies may stagnate or reverse, the global economy will slow as a result, but that does not mean it will crash, Gros stressed.


But he did warn all players to keep calm during the storm ahead.


"The central banks will have to easy gently, but do not try to 'paper over' real problems whose resolution is unavoidable Marcin Gortat Jersey ," Gros said.

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